Property managers are always looking for new tools and strategies to improve profits while cutting costs. They’re still tasked with juggling multiple properties, maintenance, and budgets and most property managers lack the right technology to handle it all. According to the recent State of Property Management report, in the coming decade, the property management industry

It’s almost that time of year few claim as their favorite—annual planning and budget building. Finance departments typically spend at least a month to complete the process of helping the business allocate funds for the coming year, including negotiating and securing all necessary buy-ins and approvals. Many managers take even longer. Forecasting and budgeting don’t

If you’re reading this, there’s a good chance you believe your business might be suffering from outdated accounts payable processes. Goldman Sachs says there’s a good chance you’re right. They recently estimated businesses in North America spend $187 billion per year on payment processing costs, with small businesses sacrificing $22 to pay a single invoice

The construction industry has the potential to boost its value by an impressive $1.6 trillion, but companies also face mounting pressures to stay competitive while keeping tight control of rising costs. Manual processes are no longer cutting it, and any organization hoping to reach that potential needs to adopt efficiencies that will enable them to

AvidXchange introduces new partnership with Vantaca, offers eight industry-specific accounting integrations for AvidXchange Strongroom customers CHARLOTTE, N.C. (May 15, 2019) – AvidXchange™, a leading fintech provider of accounts payable (AP) and payment automation solutions, is commemorating four years of momentum in community association management with its AvidXchange Strongroom product. Now utilized by more than 500

AvidXchange helps midmarket companies strengthen supplier relationships with secure, timely payments CHARLOTTE, N.C. (May 15, 2019) – AvidXchange™, the leading provider of accounts payable (AP) and payment automation solutions, today announced that 500,000 suppliers are now part of the AvidPay Network, marking a significant milestone and reaffirming its position as the largest B2B payments network

It’s no secret the B2B market is years behind B2C desires and demands. While consumers are trusting technology to manage their money, businesses are still counting on checks and manual processes to pay for products and services. In fact, PayStream Advisors ePayments Report shared that 46% of businesses still rely on printed checks to pay

Property management firms have been handed a golden opportunity: the demand for rental property is on the rise and it isn’t expected to slow. According to a report from Harvard University, 60 percent of residents in major U.S. cities now rent their homes. Investors are responding by turning real estate investments into rental properties, leading

With more than 20 years of accounts payable (AP) experience in various roles, I’ve witnessed firsthand the transition from paper-based processes to completely automated AP and payment processes. I know how hard it can be for those of us in the accounting space to warm up to the idea of implementing new systems and practices,